ION Exchange Announces Stock Split, Shareholders to Benefit
SUMMARY:
– ION Exchange’s share price has seen consistent growth, with returns of 12% in a week, 30% in 3 months, and 50% in 6 months.
– The company has now announced a stock split, which will come into effect from Monday.
– The face value of the share will be reduced from Rs 10 to Rs 1, and the share will be divided into 10 parts.
– The company has also declared a dividend of Rs 12.50 per share.
ION Exchange, a leading provider of water and environment management solutions, has announced a stock split that will benefit its shareholders. The announcement comes after the company’s share price has consistently risen, with impressive returns of 12% in a week, 30% in 3 months, and 50% in 6 months.
The stock split will come into effect from Monday, and will see the face value of the share reduced from Rs 10 to Rs 1. The share will also be divided into 10 parts, which means that shareholders will now hold 10 times the number of shares they previously held. This move is expected to increase the liquidity of the shares and make them more affordable to retail investors.
In addition to the stock split, ION Exchange has also declared a dividend of Rs 12.50 per share. This is a significant payout and reflects the company’s strong financial position. The dividend will be paid to shareholders on or after July 7, 2023.
Overall, the stock split and dividend payout are positive developments for ION Exchange shareholders. The company’s consistent growth and strong financial position make it an attractive investment opportunity, and the stock split is expected to further increase the value of its shares.
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